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DBE SALES & SERVICE LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2023






DBE SALES & SERVICE LIMITED (REGISTERED NUMBER: 00625235)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBE SALES & SERVICE LIMITED

Company Information
for the year ended 31st March 2023







DIRECTORS: P Cairns
C N Callaghan





SECRETARY: P Cairns





REGISTERED OFFICE: 1 Kelvin Park
Dock Road
Birkenhead
Wirral
CH41 1LT





REGISTERED NUMBER: 00625235 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

DBE SALES & SERVICE LIMITED (REGISTERED NUMBER: 00625235)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,056 133,906

CURRENT ASSETS
Stocks 91,491 94,321
Debtors 5 200,061 195,767
Cash at bank and in hand 1,923 1,923
293,475 292,011
CREDITORS
Amounts falling due within one year 6 371,740 329,296
NET CURRENT LIABILITIES (78,265 ) (37,285 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,791 96,621

CREDITORS
Amounts falling due after more than one
year

7

35,943

82,133
NET ASSETS 13,848 14,488

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Capital redemption reserve 5,000 5,000
Retained earnings 3,848 4,488
SHAREHOLDERS' FUNDS 13,848 14,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DBE SALES & SERVICE LIMITED (REGISTERED NUMBER: 00625235)

Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th March 2024 and were signed on its behalf by:





P Cairns - Director


DBE SALES & SERVICE LIMITED (REGISTERED NUMBER: 00625235)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

DBE Sales & Service Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DBE SALES & SERVICE LIMITED (REGISTERED NUMBER: 00625235)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans are measured initially at fair value, net of transaction cost, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 20 ) .

DBE SALES & SERVICE LIMITED (REGISTERED NUMBER: 00625235)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2022 123,913 27,135 71,604 222,652
Disposals - - (3,600 ) (3,600 )
At 31st March 2023 123,913 27,135 68,004 219,052
DEPRECIATION
At 1st April 2022 - 24,659 64,087 88,746
Charge for year - 371 1,879 2,250
At 31st March 2023 - 25,030 65,966 90,996
NET BOOK VALUE
At 31st March 2023 123,913 2,105 2,038 128,056
At 31st March 2022 123,913 2,476 7,517 133,906

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1st April 2022
and 31st March 2023 22,478
DEPRECIATION
At 1st April 2022 17,694
Charge for year 1,196
At 31st March 2023 18,890
NET BOOK VALUE
At 31st March 2023 3,588
At 31st March 2022 4,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 108,986 105,312
Amounts owed by group undertakings 86,825 86,205
Other debtors 4,250 4,250
200,061 195,767

DBE SALES & SERVICE LIMITED (REGISTERED NUMBER: 00625235)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 78,703 83,637
Trade creditors 2,742 2,321
Taxation and social security 274,146 229,911
Other creditors 16,149 13,427
371,740 329,296

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,435 43,502
Other creditors 33,508 38,631
35,943 82,133

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 33,508 38,631

8. RELATED PARTY DISCLOSURES

Included in other creditors are the sums of £474 (2022 - £847) owed to P Cairns and C N Callaghan, company directors.

Included in other debtors is the sum of £542 (2022 - £2,185) owing from P Cairns, one of the company directors.

Included in other debtors is the sum of £86,825 (2022 - £86,205) owing from Cairns Callaghan Limited, a company in which P Cairns and C N Callaghan are both directors and shareholders.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Cairns Callaghan Limited (company number 05842045registered in England and Wales).